NewswireToday - /newswire/ -
Stockholm, Sweden, 2011/01/11 - Atlas Copco initiated negotiations with unions regarding a plan to relocate production of light compaction equipment from Ljungby, Sweden, to Rousse, Bulgaria, affecting 69 employees in Sweden.
“Atlas Copco continuously reviews the manufacturing set-up to assure the Group’s competitiveness. The considered plan is in line with our ambition to constantly improve the operational efficiency and make sure our production is cost competitive,” says Björn Rosengren, Business Area President, Construction and Mining Technique.
If the plan is approved the relocation of the operations from Sweden could be finalized by the end of 2011. In Bulgaria, the factory would need to be extended in order to house the new production line and current machining would be outsourced to sub-suppliers.
For further information please contact:
Björn Rosengren, Business Area President, Construction and Mining Technique
T: +86 1370 1966 816 (Chinese mobile) or +46 (0)70 417 8502 (Swedish mobile)
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco (atlascopco.com) is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0).
Atlas Copco’s Construction and Mining Technique business area develops, manufactures, markets and services rock drilling tools, construction and demolition tools, mobile crushers and screeners, drill rigs and equipment. It innovates for superior productivity in surface and underground rock excavation, exploration drilling, rock reinforcement, ground engineering, water well, oil and gas drilling, and compaction and paving equipment worldwide. The business area has its principal product development and main manufacturing units in Sweden and the United States.